BlockBeats report: On May 14, JPMorgan disclosed a significant increase in its Bitcoin ETF holdings in the first quarter of 2026. According to its 13F filing, its stake in BlackRock’s Bitcoin ETF IBIT rose by 174%, increasing from approximately 3 million shares to 8.3 million shares, adding approximately $162 million in value. Despite Bitcoin’s price falling over 22% in Q1 and net outflows across the U.S. spot Bitcoin ETF market, JPMorgan actively expanded its exposure to Bitcoin ETFs.
In addition to IBIT, JPMorgan significantly increased its holdings in Fidelity’s FBTC by 450%, Bitwise’s BITB by nearly 900%, and raised its exposure to the Bitcoin futures ETF BITO by over 3,000%. Among altcoins, JPMorgan made its first purchase of the Solana staking ETF (BSOL), increased its exposure to Ethereum ETFs, fully exited its XRP ETF position, and rotated its holdings in crypto-related stocks—reducing its stake in Coinbase while increasing positions in mining and payment stocks such as MARA and Core Scientific.